Solve Media Forms Security Advisory Council for Online Advertising
Nov 27, 2012 (Close-Up Media via COMTEX) --
Solve Media announced the formation of the first Security Advisory Council specifically focused on online advertising. Inaugural council members include information security experts Kevin Mitnick, Adam J. O'Donnell, Bruce Schneier, Chris Wysopal and Elad Yoran.
The Company said the creation of the council was spurred by a recent Solve Media survey of 200 IT-focused online publishing professionals in which 69 percent said they were extremely concerned with bot traffic. Solve Media's anti-bot CAPTCHA security platform specifically addresses bot traffic affecting both publishers and advertisers by authenticating that audiences are, in fact, human.
According to the Interactive Advertising Bureau, interactive ad spend reached a record $17 billion globally in the first half of 2012 and is projected to be greater than print ad spend by Q4. Solve Media previously identified that as much as 10 percent of all online traffic is generated by bots. This means potentially $1.7 billion of online ad spending is wasted marketing to bots that will never become customers.
"Security is a growing concern for both advertisers and publishers as they recognize the substantial negative brand and monetary impact of bots," says Ari Jacoby, CEO of Solve Media. "Agencies prefer to work with publishers that have safeguards against bot traffic so they are not wasting ad spend, and publishers want to offer quality inventory. To improve the industry, we enlisted the top information security experts to discuss how best to address online security quandaries and advise our agency clients and publisher partners."
According to a release, the Solve Media Security Council will organize the industry's best security minds around this issue to help deliver a solution that benefits advertisers and publishers. The Council is tasked with identifying ways to combat bots and other serious security issues plaguing online advertising, and providing expert guidance to advertisers and publishers seeking security help. The Company provided additional information about each council member:
-Bruce Schneier is an internationally renowned security technologist, cryptographer, author, and founder of BT Managed Security Solutions. Described by The Economist as a "security guru," Schneier has testified before the US Congress and is the author of a dozen books including the bestseller Applied Cryptography. Bruce Schneier is a prominent international speaker who has presented at TED, RSA, DEF CON, and Hacktivity among many other events.
-Chris Wysopal is a Blackhat Review Board member and CTO of Veracode. He has been named one of the 100 most influential people in IT and an InfoWorld CTO 25. He has been lead security researcher for @stake and director of development at Symantec and helped to produce the Organization for Internet Safety. Wysopal is co-author of the award winning password auditing and recovery application L0phtCrack currently used by over 6,000 organizations worldwide.
-Kevin Mitnick is the NY Times Bestselling Author of Ghost in the Wires, and frequently cited as the world's most famous hacker. He is well known for using social engineering tactics and has testified before the US Senate Committee on Governmental Affairs. In a previous life, Mitnick successfully hacked into organizations including Motorola, Nokia, Sun Microsystems, and Fujitsu Siemens. He is currently CEO of Mitnick Security Consulting LLC.
-Dr. Adam J. O'Donnell is the Chief Architect in the Cloud Technology Group at Sourcefire, and the author of numerous academic papers regarding malware and network security. He has been cited in publications including IEEE Security & Privacy, CNET, & The New York Times.
-Elad Yoran is the Chairman and CEO of Vaultive, Inc, and founder or executive director of security companies MediaSentry, Riptech, and Sentrigo which were acquired by SafeNet, McAfee and Symantec respectively. Yoran has been awarded Entrepreneur of the Year by Ernst & Young. He is a member of the FBI Information Technology Advisory Council, and is a regular speaker on innovation as well as IT security technology and market trends.
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